Ripple WINS SEC Lawsuit: Will XRP Price reach 1$ now?
XRP prices have soared more than 30% in the past 24 hours, as Ripple wins SEC lawsuit. Why is XRP surging, and will XRP price reach 1$?
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
As Bitcoin Exchange-Traded Funds (ETFs) inch closer to their final approval stage, the total cryptocurrency market capitalization has ballooned by over 3% in the past day. Yet, for Ripple’s native token, XRP, the scene is even greener. XRP prices have soared more than 30% in the past 24 hours, as Ripple wins SEC lawsuit. The question on everyone’s mind is – why is XRP surging, and is the $1 mark within its reach?
XRP is the digital currency that facilitates transactions on the Ripple network, known as RippleNet. RippleNet is a digital payment protocol that enables fast, low-fee international money transfers. Unlike Bitcoin, which aims to disrupt traditional banking by removing intermediaries, XRP works with the existing banking system to improve cross-border transactions.
The Fall of XRP: SEC Lawsuit and Crypto Winter
XRP had been grappling with two significant challenges that led to its price plummeting below $1. Firstly, the long-standing SEC lawsuit that claimed XRP was an unregistered security. This resulted in fear, uncertainty, and doubt among investors, which in turn suppressed the price. Secondly, the overarching “crypto winter,” triggered by the inflated prices of cryptocurrencies, added to the downward pressure on XRP prices.
Ripple WINS SEC Lawsuit: XRP Prices Spike Over 30%
The last 24 hours have been a rollercoaster ride for XRP, with the price catapulting from $0.47 to a peak of $0.65 before settling around $0.59. This dramatic rise owes its genesis to Ripple’s recent victory in the SEC lawsuit. The judge ruled in Ripple’s favor, declaring XRP is not a security. This verdict effectively extinguishes one of the major threats looming over XRP and has injected a fresh dose of optimism among investors.
XRP Price Prediction: Will XRP Price reach 1$?
Now that the broader crypto market is gradually recovering and Ripple has emerged victorious from the lawsuit, the path appears clear for XRP. Attaining the previous psychological and crucial price point of $1 should no longer be a daunting task for Ripple. As the legal cloud lifts, Ripple’s valuation is expected to regain its allure in the eyes of investors. It appears that XRP’s journey to $1 might be less a question of ‘if’ and more a question of ‘when.’
Related articles
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
July 29, 2024 10:29 AM
XRP Price Prediction: Will XRP Break Its Next Resistance Level Today?
With the current market uptrend, all cryptos are showing bullish signals. With XRP struggling to surpass the $0.60 resistance level, could this market surge help do it?
July 29, 2023 1:03 PM
How High will XRP reach when the XRP Lawsuit Officially Ends?
XRP price has almost doubled since the Ripple victory. How high will XRP reach when the XRP lawsuit officially ends?
December 6, 2024 3:01 PM
XRP Price Prediction: Is XRP Price DOWN just a Correction?
Having the XRP price down, and making it retreat to the 4th rank after surpassing Tether has caused speculation, is the XRP price dropping or is it just a correction?
October 17, 2022 9:23 AM
You might want to Sell XRP before it slips LOWER, Here’s Why!
Should you sell XRP before prices tank lower? In this article, we analyze XRP and present a guide on how to sell XRP on Coinbase.
February 5, 2024 7:34 AM
XRP Price Prediction: What Will Happen To XRP Price in 2024?
Curious about the fate of XRP? Let's dive into the tech magic and feel the pulse of the crypto community in this XRP price prediction article.
November 6, 2023 8:00 PM
XRP Price Prediction: Can XRP Price reach 1$ SOON?
It might be a good idea to buy ripple as price soared high. How high will XRP price go? Let's analyze in this XRP price prediction article.
October 12, 2023 8:35 PM
XRP Price Prediction: Will XRP Crash to $0?
XRP SEC Updates: Is it all doom and gloom for XRP? Will XRP crash to $0? Let's delve deeper in this XRP price prediction article.
October 8, 2023 9:23 AM
XRP Price Prediction: Can XRP Reach $1 as Daily Trading Volume Surpasses $500 Million? READ THIS..
XRP has been making waves lately. To assess the possibility of XRP reaching $1. Let's take a look at this XRP price prediction article.
October 7, 2023 1:25 PM
Ripple News: XRP Price to Go UP as Ripple won the SEC Again?
Ripple news: The legal tussle between Ripple and the SEC witnessed a dramatic turn that favored the former. Will XRP price go up now?
June 24, 2023 11:43 AM
XRP Price Surges: A Strong Recovery To Come Amid Market Revival?
Prices of most digital assets, including XRP price, the native currency of the Ripple network, took a steep dive.
April 29, 2023 3:05 PM
How High can XRP price reach after Ripple wins the SEC Lawsuit?
If Ripple is acquitted in the lawsuit, XRP price could rise massively. But how high can XRP price reach after Ripple wins the SEC lawsuit?
March 29, 2023 3:48 PM
Ripple Explodes above $0.50! Can XRP Price reach 1$?
Ripple is battling its own battle with the SEC, and it seems that a Ripple win is soon imminent. Can XRP price reach 1$ in the coming weeks?
June 14, 2024 7:05 PM
XRP Price Prediction: Will XRP Crash in June 2024?
With the current Ripple-SEC lawsuit ending soon, XRP price prediction is highly anticipated. Will it reach new highs this June or could it reach new lows?
September 23, 2023 6:58 PM
XRP Price Prediction: Will XRP Go UP soon? The Answer…
What's next for XRP? Will XRP prices reach between $0.55-$0.60? Let's analyze in this XRP price prediction article.
May 24, 2023 2:34 PM
XRP Price Prediction: Ripple’s Expansion Plan confirms XRP price at 3$?
This XRP price prediction article explores the impact of Ripple's growth strategy on the XRP price and the positive regulatory body in UAE.
September 8, 2020 7:00 PM
Ripple Price Analysis: Will the XRP Price continue to drop?
The Ripple price is falling like a house of cards. It seems that the Ripple price market is getting nervous. At the time of writing this, the Ripple price is sitting at $0.237 (-0.06%). Will the XRP price continue to fall? Let’s […]
October 9, 2023 9:27 PM
XRP Ledger Reaches Milestone: Will XRP Price Go UP?
The XRP Ledger (XRPL) stands as a testament to this, achieving milestones that underscore its growth and versatility. Will XRP price increase?
April 17, 2022 1:22 PM
XRP SEC Update: Don’t Forget to BUY XRP below 1$! Here’s Why
Will Ripple manage to win the SEC lawsuit and get back on track? Let's have a quick XRP SEC update and see why XRP has big potential ahead.
August 14, 2020 2:04 PM
Ripple Price Analysis: XRP Price building gains above $0.293
The XRP price has been showing great performance again. Today, the third-ranked cryptocurrency in the world has encountered an almost 5.3% gain and has touched $ 0.295 at the time of writing this. XRP’s trading volume also increased tremendously in […]
January 1, 2024 4:55 PM
SEI Price Surges by 65%: How High Will the SEI Price Go in 2024?
This article is all about SEI Price prediction 2024 and how high will SEI price go in 2024? Let's take a look at this in more detail.
January 11, 2023 4:35 PM
Analysts are LOVING XRP Gains! Will XRP price reach 1$ soon?
XRP saw in recent weeks high gains, especially during this consolidated crypto market. Will XRP continue to go up? Will XRP price reach 1$?
September 13, 2024 12:23 PM
Ripple, SEC, and Grayscale: The Ripple Effect on XRP Price
This is how Ripple’s legal battles and Grayscale’s XRP Trust launch are shaping the future of XRP and the crypto market...
July 6, 2024 11:45 AM
XRP Price Prediction: Can XRP Reach $1 in July Amid Ripple's SEC Battle?
Many factors could drive XRP to $1 this July amid Ripple's ongoing legal battle with the SEC, and significant whale activity in the market. What is there to know?
April 1, 2024 1:09 PM
Why is XRP Price Up? Can XRP Reach $3?
Can XRP ascend to $3 in the near future? Let's take a look at this XRP price prediction article in more detail
March 15, 2024 7:21 PM
Will XRP Reach 1$ Soon? Big Potential if this Happens…
XRP price is trading at $0.63 is an enticing investment opportunity. But some factors are to be evaluated first...will XRP reach 1$ soon?
More from CryptoTicker